Nazara Technologies IPO subscribed 3.35 times on opening day; retail category oversubscribed 13.79 times – Business News , Firstpost

The value band of the corporate’s IPO is Rs 1,100-Rs 1,101 per share with quite a bit measurement of 13 and its multiples.

The preliminary public supply (IPO) of Nazara Technologies was subscribed 3.35 times on the opening day of the subscription with the retail investor’s category being subscribed practically 14 times on Wednesday.

The Rs 583 crore price Nazara Technologies IPO opened at present (17 March) and can shut on Friday (19 March).

According to a report by Times Now, the certified institutional consumers subscribed 0.36 times to their reserved portion. The bidding by retail buyers was 13.79 greater than the reserved portion whereas that of non-institutional buyers has been subscribed 2.43 times.

The Nazara Technologies IPO had acquired general bids for 90,69,580 lakh fairness shares, whereas the staff’ portion of the difficulty was booked 0.14 times until 3.25 pm.

The supply on the market (OFS) is for 52,94,392 fairness shares, together with an anchor portion of 23,73,395 fairness Shares.

Established in 1999, the cell gaming firm, identified for its video games like Chhota Bheem, Motu Patlu and World Cricket Championship, relies in India. The value band of the corporate’s IPO is Rs 1,100-Rs 1,101 per share with quite a bit measurement of 13 and its multiples.

The funds generated from the difficulty are going to offer liquidity to its current shareholders whereas additionally selling the model title.

Registrar of the Nazara Technologies IPO is Link Intime India Private Ltd. Nazara Technologies’ fairness shares are more likely to be listed on Bombay Stock Exchange and the National Stock Exchange by 30 March.

Jefferies India Private Limited, IIFL Securities, Nomura Financial Advisory and Securities (India) Private Limited and ICICI Securities are the lead managers of this subject.

Before the IPO was launched, the corporate gained Rs 261.31 crore from its anchor buyers after allotting 23,73,395 shares on the value of Rs 1,101 per share.

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